• Balrampur Chini held a conference call to update investors on a INR230 crore cost overrun for its PLA project, revising total cost to INR3,080 crore.
• The board approved a new INR160 crore lactogypsum processing plant to produce gypsum boards from PLA by-product, targeting INR150 crore annual revenue.
• Company announced a INR450 crore preferential equity issue and enabling resolution for INR200 crore debentures to fund expansions and maintain liquidity.
• Management confirmed the PLA plant remains on track for Q3 commissioning and emphasized no UPSI was shared during the silent period call.